House for sale • 243 m² without real estate, Baden-Württemberg

Fully let-rented three-family house with 243 m² of living space, 2 garages, 3 parking spaces, and a private garden area – freshly insulated, newly painted, and immediately income-yielding in the highly sought-after catchment area of Stuttgart, Ludwigsburg district.

The detached multi-family house at Jahnstraße 48 was built in 1938. The attic was converted in 1964, and in 2009, a permitted extension was added to the rear of the main building. The facade was completely insulated in 2012 and received a fresh new coat of paint in 2024 – the building now presents itself externally in impeccable, contemporary condition. The house comprises three fully separated residential units, each with its own bathroom and kitchen.

The ground floor apartment (81 m²) offers direct access to the garden and terrace, as well as a well-thought-out floor plan with a living room, bedroom, child’s room, kitchen, and bathroom. The first floor apartment (85 m²) is structured almost identically and additionally features a balcony – an attractive feature that noticeably increases the rental value. The attic apartment (77 m²) with its own terrace provides a calm, secluded character and rounds off the portfolio pleasantly.

In the basement, there are a cellar, laundry room, and storage rooms – functional ancillary spaces that enhance the appeal for tenants. Two garages – one on the left and one on the right of the building – as well as three parking spaces in the forecourt completely cover the parking needs of all tenants, a significant advantage in Kornwestheim. The rear garden is accessible exclusively through the building and is therefore completely private – maximum privacy, entirely open to design freedom. Renovation history: Windows 2010 (double-glazed plastic), full facade thermal insulation in 2012, gas heating/boiler 2012, new paint in 2024, pitched roof circa 1969.

Kornwestheim in the Ludwigsburg district is one of the economically most dynamic cities in the greater Stuttgart area. The city benefits from its central location between Stuttgart, Ludwigsburg, and Stuttgart Airport – and thus from a constantly high tenant demand from the suburbs of the state capital.

Jahnstraße is located in an established, quiet residential area (WA II), characterized by single-family houses and smaller multi-family houses. Schools, kindergartens, retail, as well as medical services are reachable on foot or within a few minutes by car. Kornwestheim train station offers direct S-Bahn connection to Stuttgart’s city center (approximately 20 minutes).

The regional housing market has shown a stable demand curve for years. The structurally low vacancy rate in Kornwestheim is a decisive factor for the sustainable management of an investment property of this size.

The property is fully let and generates an annual cold rent of approximately EUR 33,683 from the first day after the transfer of ownership. With a purchase price of EUR 750,000, this results in a gross rental yield of around 4.5% and a multiplier of 22.3x – a solid entry-level for a conventional existing property in the outskirts of Stuttgart.

The current rental rate of an average of EUR 11.55/m² is in line with the market standards for Kornwestheim. Rent adjustments in accordance with the rental index offer medium-term potential for increases. The facade’s full thermal insulation, installed in 2012, sustainably reduces heating requirements and protects the building structure – an essential investment item that is already taken care of for the buyer.

The energy certificate is classified as D (final energy requirement 192.79 kWh/m²a, certificate valid until 2033). In view of the existing facade insulation and the renewed boiler in 2012, the value for an existing property from 1938 is in line with market standards. Further optimization potential (e.g., roof insulation, heating system conversion) is left to the buyer as a medium-term option. The solid legal framework – clear ownership structure, complete building permit documents – facilitates a smooth transaction.

In order to protect data privacy and the tenants' privacy, viewing appointments will only be arranged in cases of serious interest and upon presentation of a financing confirmation.

Real estate agent inquiries are not desired and will not be answered.